Japanese investment company Metaplanet has approved a plan to raise 180.3 billion yen ($1.2 billion) through an overseas share issuance, with a significant amount allocated for Bitcoin purchases.
Share Issuance Plan
According to a Wednesday statement, Metaplanet plans to issue up to 555 million new shares, increasing its total shares from 722 million to approximately 1.27 billion. The share price will be determined from September 9 to 11, with payments scheduled for soon after.
Bitcoin Acquisition Strategy
The bulk of the funds will be directed toward acquiring additional bitcoins. Currently, Metaplanet holds 18,991 BTC, valued at around $2.1 billion. The company stated that this strategy aims to protect against a weak yen, mitigate inflation risks, and enhance corporate value.
FTSE Japan Upgrade
Metaplanet has been upgraded from a small-cap to a mid-cap stock in FTSE Russell's September 2025 Semi-Annual Review, allowing the company to be included in the FTSE Japan Index, following strong second-quarter performance.
Thus, Metaplanet continues to actively expand its presence in the Bitcoin market, directing significant funds to strengthen its position amid an unstable economic landscape.
